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CDEV and RIG along with other oil & gas and shipping stocks under $5 are on cruise control lately. The rotation out of growth and into value as well as cash seems to be the focus. But later on down the road, I think commodities will still benefit from all of the infrastructure spending.

This was a good quote from an article I was reading (

“The outcome of today’s OPEC meeting lends to a running of the bulls in oil markets, as global oil demand rebounds amidst recovery in the COVID-19 pandemic while OPEC, which controls a third of global production, balks at the recovery and maintains extreme production cuts,” said GasBuddy’s Patrick DeHaan. “American motorists [are] filling their tanks at the fastest pace since the pandemic began.”

We'll see what happens next but definitely going to be watching these stocks closely in the near term.
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